https://www.taxtmi.com/highlights?id=68965 NPA - classifying their accounts as fraudulent - The principles of natural justice demand that the borrowers must be served a notice, given an opportunity to explain the conclusions of the forensic audit report, and be allowed to represent by the banks/ JLF before their account is classified as fraud under the Master Directions on Frauds. In addition, the decision classifying the borrower’s account as fraudulent must be made by a reasoned order - SC en-us Wed, 29 Mar 2023 10:02:31 +0530 Wed, 29 Mar 2023 10:02:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=68965 NPA - classifying their accounts as fraudulent - The principles of natural justice demand that the borrowers must be served a notice, given an opportunity to explain the conclusions of the forensic audit report, and be allowed to represent by the banks/ JLF before their account is classified as fraud under the Master Directions on Frauds. In addition, the decision classifying the borrower’s account as fraudulent must be made by a reasoned order - SC Highlights Indian Laws Wed, 29 Mar 2023 10:02:31 +0530 https://www.taxtmi.com/highlights?id=68965